Islamabad High Court. PHOTO PHOTO: IHC WEBSITE
The Islamabad High Court(IHC) on Wednesday granted bail to Omni Group Chief Executive Officer (CEO) Abdul Ghani Majeed in the ongoing fake bank accounts case.
The bail was given on health grounds and Majeed was ordered to submit a surety bond worth Rs100 million.
The Federal Investigation Agency (FIA) had taken Omni Group's Anwer Majeed into custody on August 15, 2018, from outside the Supreme Court's premises where he and his family members appeared before the three-judge bench headed by former chief justice Mian Saqib Nisar, who was hearing a suo motu case pertaining to alleged money laundering of Rs35 billion through fake accounts.
Subsequently, the names of his four family members besides his own were placed on the Exit Control List (ECL) on the apex court’s order.
PPP co-chairperson Asif Ali Zardari, his sister Faryal Talpur, former Pakistan Stock Exchange chairman Hussain Lawai and Summit Bank Senior Vice-President Taha Raza are among those being investigated.
FIA, Rangers raid Anwar Majeed’s sugar mill in Sindh
According to the FIR registered against Lawai and others, billions of rupees were deposited into the fake accounts and subsequently transferred to beneficiaries, including the company owned by Zardari and his sister, the Zardari Group.
The Zardari Group received Rs15 million of the laundered money, according to the FIR.
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